A slightly better than expected growth rate in Canada in July: +0.3%. However, this came on top of a downwards revision for June: +0.4% instead of +0.5% originally reported.
The immediate reaction was a stronger Canadian dollar: USD/CAD slipped under 1.34. However, this positive effect doesn’t last too long.
Read the rest of the article Canadian GDP: +0.3% m/m – USD/CAD dips under 1.34 and recovers quickly